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27112 Malibu Cove Colony Drive, Malibu, California 90265, Malibu, 90265 - 3 bed, 4 bath

27112 Malibu Cove Colony Drive, Malibu, California 90265 home-pic-0
ACTIVE$8,950,000$3,417/sqft
Est. Value: $9,136,510
2%
FairlyEstimate
27112 Malibu Cove Colony Drive, Malibu, California 90265
3Beds
4Baths
3,417Sqft
7,387Lot

Price Vs. Estimate

The estimated value mostly matches the list price at $8,950,000.

Key pros and cons

Top Pros:
Unrivaled Oceanfrontage & Views: Direct 70-foot ocean frontage in Malibu Cove Colony with panoramic ocean views from nearly every room, offering an exclusive coastal living experience and direct beach access.
Top Cons:
Premium Price Point: The $8.95 million list price positions it at the very top tier of the market, appealing to a highly specific and limited buyer demographic.

Compared to the nearby listings

Price:$8.95M vs avg $4.35M (+$4,600,000)76%
Size:3,417 sqft vs avg 2,744 sqft62%
Price/sqft:$2.6K vs avg $1.3K87%

More Insights

Built in 1978 (48 years old).
Condition: Despite being built in 1978, this property has undergone extensive, high-quality renovations, making it move-in ready. The kitchen features modern stainless steel appliances, white shaker-style cabinets, and dark stone countertops, all in excellent condition. The main bathrooms are spa-like with contemporary fixtures, vessel sinks, and extensive tiling. While the outdoor laundry/half bath shows some age, and the underlying systems might be older due to the original build year, the overall aesthetic and condition of the primary living spaces, flooring, and light fixtures are modern and well-maintained, aligning with a 'Good' rating.
Year Built
1978
Close
-
List price
$8.95M
Original List price
$8.95M
Price/Sqft
$2,619
HOA
$7,500
Days on market
-
Sold On
-
MLS number
26633349
Home ConditionGood
Features
Excellent View: Mountain(s), Ocean
Deck
Spa
Patio
ViewMountain(s), Ocean

About this home

This amazing 24-hour guard gated Malibu Cove Colony beach home sits on 70 feet of ocean front estate providing amazing views from almost every room! The gated courtyard features a large built-in sitting area with an outdoor firepit, a BBQ and outdoor half bath and laundry room. The glass front door leads to the two-story living room with floor to ceiling windows and vaulted ceilings. The open kitchen flows to the dining room which extends out to a private deck. The rest of the first floor consists of a great room, TV room/ den , a full bar with a sitting area facing the ocean and wrap-around decks. Upstairs, the designer staircase leads up to all 3 bedrooms including a private master suite with large walk-in closet, fireplace, spa-style bathroom & private deck. The second ocean facing bedroom is like a second master suite, plus a 3rd bedroom with a private terrace .3 bedroom 3 1/2 bath with direct beach access, garage, private courtyard and yoga terrace.

P
Pamela Van Ierland
Listing Agent

Price History

Date
Event
Price
06/15/16
Sold
$6,750,000
01/28/04
Sold
$3,200,000
Condition Rating
Good
Despite being built in 1978, this property has undergone extensive, high-quality renovations, making it move-in ready. The kitchen features modern stainless steel appliances, white shaker-style cabinets, and dark stone countertops, all in excellent condition. The main bathrooms are spa-like with contemporary fixtures, vessel sinks, and extensive tiling. While the outdoor laundry/half bath shows some age, and the underlying systems might be older due to the original build year, the overall aesthetic and condition of the primary living spaces, flooring, and light fixtures are modern and well-maintained, aligning with a 'Good' rating.
Pros & Cons

Pros

Unrivaled Oceanfrontage & Views: Direct 70-foot ocean frontage in Malibu Cove Colony with panoramic ocean views from nearly every room, offering an exclusive coastal living experience and direct beach access.
Exclusive Gated Community: Situated within a 24-hour guard-gated community, providing enhanced security, privacy, and prestige in a highly sought-after Malibu location.
Luxurious & Thoughtful Design: Features a two-story living room with floor-to-ceiling windows, vaulted ceilings, an open kitchen, and a master suite with a spa-style bathroom and private deck, reflecting high-end design.
Exceptional Outdoor Entertainment: Boasts a private gated courtyard with a firepit and BBQ, multiple wrap-around decks, and a yoga terrace, ideal for sophisticated outdoor living and entertaining.
Versatile Living Spaces: Includes a great room, TV room/den, and a full bar with ocean-facing seating, offering diverse areas for relaxation, entertainment, and guest accommodation.

Cons

Premium Price Point: The $8.95 million list price positions it at the very top tier of the market, appealing to a highly specific and limited buyer demographic.
Significant Association Fees: The $7,500 association fee represents a substantial ongoing cost, which could be a deterrent for some potential buyers.
Property Age: Built in 1978, the property's age, despite apparent updates, may raise questions about the condition of underlying systems or require further modernization for some discerning buyers.
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